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Stereotaxis gets FDA approval for surgery device



By AP
27 August 2008 @ 02:30 pm ET

ST. LOUIS - Medical device maker Stereotaxis Inc. said Wednesday the Food and Drug Administration approved its new guidewire device for use in vascular surgery.

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The company's PowerAssert radiofrequency guidewire is used during vascular surgery, the goal of which is to unclog blocked arteries.

Stereotaxis is planning a limited introduction of the guidewire later this year, with a broader commercial launch to follow.

Shares of Stereotaxis rose 1 cent to $7 in afternoon trading.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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